Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) Announces Quarterly Earnings Results

Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) issued its quarterly earnings data on Friday. The company reported $0.06 EPS for the quarter, FiscalAI reports.

Newbury Street II Acquisition Corp – Class A Ordinary Shares Stock Down 0.2%

NASDAQ:NTWO opened at $10.50 on Friday. Newbury Street II Acquisition Corp – Class A Ordinary Shares has a one year low of $10.00 and a one year high of $10.52. The stock has a 50 day moving average price of $10.48 and a 200 day moving average price of $10.41.

Institutional Trading of Newbury Street II Acquisition Corp – Class A Ordinary Shares

Large investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC acquired a new stake in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares in the 3rd quarter worth $106,000. Clear Street Group Inc. purchased a new stake in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares in the third quarter valued at about $121,000. Clear Street LLC increased its position in Newbury Street II Acquisition Corp – Class A Ordinary Shares by 726.5% during the second quarter. Clear Street LLC now owns 11,695 shares of the company’s stock worth $120,000 after purchasing an additional 10,280 shares during the last quarter. ABC Arbitrage SA acquired a new stake in Newbury Street II Acquisition Corp – Class A Ordinary Shares during the fourth quarter worth about $209,000. Finally, L1 Global Manager Pty Ltd purchased a new position in Newbury Street II Acquisition Corp – Class A Ordinary Shares during the fourth quarter worth about $1,043,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Newbury Street II Acquisition Corp – Class A Ordinary Shares Company Profile

Newbury Street II Acquisition Corp is a blank check company incorporated in Delaware in 2021 for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a special purpose acquisition company (SPAC), it does not currently engage in commercial operations and intends to identify and acquire a target company.

The company completed its initial public offering and listing of its Class A ordinary shares on the Nasdaq under the symbol NTWO in early 2021.